Well said.
I fear nothing will move ES to promote SC for unfathomable reasons. Jason is hired to promote VD and not SC. Why? How can you use ROFO if there is no other major interested in it? Why promote the mutts of the litter and not the best in breed? No secret back room deals with Teck according to Spitfire. How do you extract fair value from anyone buying our 25% if all you have are sandbagged data and limited results? Tornado charts and napkin calculations are nice but we're talking about,potentially, a billion dollar sales price. Would any major take that risk without hard data? The supposed data needed to obtain fair value are over a year away. Teck will probably be taken out before the results are available leaving us with no wiggle room. A new buyer might very well keep the 2034 timeline in play and put SC on hold while it deals with more advanced projects.
EE must be nuts to let ES control this company. If we get pushed back again and lose the m&a activity shareholder action is back on the table.